Location Assistance

Location Assistance

Finding a location can seem a daunting challenge to some new business owners. 1040TaxBiz offers different levels of assistance appropriate to the package you choose.

Business and Corporate Package Assistance

Location Search Training

Finding a location can seem a daunting challenge to some new business owners. 1040TaxBiz assists our Business and Corporate Package partners by suggesting locations. Learn about your competition through a market analysis that lists businesses that previously filed returns in a zip code and how many returns they transmitted.

Lease Negotiation

If you find a great location that is accessible to a lot of customers but is a bit pricey, 1040TaxBiz can provide assistance with lease negotiation. 1040TaxBiz can give pointers on how to negotiate a better rental fee.

Business Simple, Business, and Corporate Package Assistance

For business owners looking for a standalone location, 1040TaxBiz offers a variety of services to locate and secure space.

Location Visibility

1040TaxBiz offers a variety of services to help you locate and secure space. You want your business to be easily accessible and visible to the public. Businesses that are difficult to access or that are located on dead-end streets get less business than those near a stoplight, for example. Traffic is also a factor in terms of commute and the distance shoppers are willing to travel to get your product. Determine the demographics of your target customers, and use those to drive your location search.

Choosing a business location is perhaps the most important decision a small business owner or startup will make, so it requires precise planning and research. It involves looking at demographics, assessing your competition, staying on budget, understanding state laws and taxes, and much more.

Besides determining what you can afford, you will need to be aware of other financial considerations:

Hidden Costs – Very few spaces are business ready. Include costs like renovation, decorating, IT system upgrades, and so on.

Taxes – What are the income and sales tax rates for your state? What about property taxes? Could you pay less in taxes by locating your business across a nearby state line?

Minimum Wage – While the federal minimum wage is $7.25 per hour, many states have a higher minimum. View the Department of Labor’s list of minimum wage rates by state.

Government Economic Incentives – Your business location can determine whether you qualify for government economic business programs, such as state-specific small business loans and other financial incentives.

Understanding laws and regulations imposed on businesses in a particular location is essential. As you look to grow your business, it can be advantageous to work with a small business specialist or counselor. Check what programs and support your state government and local community offer to small businesses. Many states offer online tools to help small business owners start up and succeed. Local community resources such as SBA Offices, Small Business Development Centers, Women’s Business Centers, and other government-funded programs specifically support small businesses.

Do your research. Talk to other business owners and potential co-tenants. Consult the small business community and utilize available resources, such as free government-provided demographic data, and ask 1040taxbiz about their industry demographic data to help in your efforts.